Definitely looks like a break out, though volume is a tad underwhelming. Fundamentals for gold however, given the central bank flailing occurring globally, could not be stronger. Still a long position here looks promising but beware another margin call type event if we have a repeat of March!
Here is an easy ta for GOLD long: Barrick Gold is consoladtion mode after strong rally. Now, bulls are trying to break through 28 $ ATH resistance. On the right side you can see GOLD Future, that breaked through 18 $ resistance with high volume. Both compared could be play on Gold long.: S3 is showing bullish rally, S2 and S1 are forming trendlines for...
65% ( probability) the gc1 will keep going down
Gold jumps $15 to renew 9 years high above $1865. As we can see GOLD's Higher high is on 1,865 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1859 and there are low chances of rebound towards sell area below 1840. Gold is expected to breach the zone between 1840-1865. $1920 is not far. It will remain in consolidation this week...
As we can see GOLD's Higher high is on 1,815 on the H1,H4 time frame in the Zone (consolidation area) .At the moment gold is on 1812 and there are low chances of rebound towards sell area. Gold is expected to breach the zone between 1795-1815 today after two weeks. In case if its break the support level of 1795 than there will be more chances that gold will touch...
Hello traders, Let’s have a look at Gold Future for 15min. It seems that after the recorded price GC has achieved, now he is evolving inside a trading range. So as usual, we wait that huge volume and that break of the trading range to predict the new trend. If the break is above that trading range, we can expect an increasing trend. Otherwise, if it’s below the...
We see the bearish momentum on Gold (GC), has high probabilily to reach 1795 usd today please support our work by smashing that like button or following! These really help us to reach more traders like you!
Hello traders, here is the analysis from our team : Gold should settle and consolidate. Ideal is on chart, one to one . 7/14/2020 Let us know in the comment section below if you have any questions.😉
Gold is very bullish on all long-term charts with 1W in particular (RSI = 67.652, MACD = 57.930, ADX = 50.157) being on a very healthy and balanced uptrend since the June 2019 bullish break-out from the 6 year consolidation phase. The RSI however is on a bearish divergence and the MACD flat-lined, indicating that soon the trend may lose strength (not change but...
GC (gold) has big momentum to reach 1890 usd after breaking 1798 usd please support our work by smashing that like button or following! These really help us to reach more traders like you!
Here are some ideas to get the most out of it and also to give good results, I sincerely hope you enjoy it and give you good ideas and lots of things. ... Besides, do not hesitate to like and share this analysis & thank you the winning investors .
Here are some ideas to get the most out of it and also to give good results, I sincerely hope you enjoy it and give you good ideas and lots of things. ... Besides, do not hesitate to like and share this analysis & thank you the winning investors .
HELLO the winning investors I hope you are well and in good health. Here are some ideas to get the most out of it and also to give good results, I sincerely hope you enjoy it and give you good ideas and lots of things. ... Besides, do not hesitate to like and share this analysis & thank you the winning investors .
Here we see the correlation of Gold (XAUUSD) and M1 (money supply composed of physical currency and coin, demand deposits etc). During the last two financial crises (DOTCOM and SUBPRIMES), the central bank raised the rates to support the stock market collapse and save the economy from recession. As you see when rates were raised and money supply spiked, Gold...
Gold (XAUUSD) has been trading within a Channel Up since early April. The 1D chart remains bullish (RSI = 60.683, MACD = 14.370, ADX = 34.990) but the upper MA periods have started to turn bearish (MA5). The technical reason is that it hit the Higher High trend-line of the Channel Up. We expect to make a first Low near the previous Support at 1,750, rebound to the...